1407 Raven Way LOT 7Elizabeth CityNC27909
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Elizabeth City at 1407 Raven Way LOT 7, Elizabeth City, NC, 27909 earns $178/mo cash flow from $1,515/mo rent with a $1,074/mo payment. Total monthly income totals $1,515/mo, and annual cash flow totals $2,131/yr on $72,764 capital. ROI tracks 22.84% on current figures, and rental yield reads 8.28% at a $219,500 purchase. Equity gained on principal adds $1,416/yr, and 5% annual appreciation supports $60,644 over five years. Five-year ROI reaches 118.44% and total cumulative return in cash sums $86,182. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,515/mo property income instead of your personal income.
Townhouse
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27909, Elizabeth City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,132 (100%) |
| Owner Occupied HU | 10,487 (57.8%) |
| Renter Occupied HU | 5,861 (32.3%) |
| Vacant Housing Units | 1,784 ( 9.8%) |
| Median Home Value | $256,977 |
| Average Home Value | $298,406 |
Housing Distribution
Address Breakdown
Residential
17,483
Single Family
17,279
Multi-Family
204
Businesses
1,292
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Listed by: Malaney Sawyer • Kingdom Real Estate Services
Mls Name: OBAR
Mls ID: #131369